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Post# of 4967280
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POTSTOCKMILLIONAIRE

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POTSTOCKMILLIONAIRE

Re: None

Tuesday, 10/11/2016 11:44:18 AM

Tuesday, October 11, 2016 11:44:18 AM

Post# of 4967280
Tax question for gains/loss.

I lost a lot of money early this year selling stocks. Let's say $50k. Now I have stocks soaring and I want to sell to use those gains to offset the losses.

Can I periodically sell my hot stocks and immediately buy them back to store those gains? I assume they'll keep going up.

Or is there any tax laws on these "reverse wash sales"? I know you can't sell losses and buy them back or it's a wash sale, but this is the opposite. I'm selling my gains to offset a loss.

Any help is greatly appreciated!
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